7. Payment of amount.—For the transfer to, and vesting in, the Central Government, under
section 3, of the undertakings of each of the two companies and the right, title and interest of each of the
two companies in relation to such undertakings, there shall be given by the Central Government to each of
the companies, in cash and in the manner specified in Chapter VI, an amount equal to the amount
specified against the name of such company in the First Schedule.
8. Payment of further amounts.—(1) For the deprivation of the two companies of the management
of their undertakings, there shall be given by the Central Government to each of the companies in cash, an
amount calculated at the rate specified against the name of such company in the Second Schedule for the
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period commencing on the date on which the management of the undertakings of such company was
taken over in pursuance of the orders made by the Central Government under the provisions of the
Industries (Development and Regulation) Act, 1951(65 of 1951) and ending on the appointed day.
(2) The amount specified in section 7 and the amount calculated in accordance with the provisions of
sub-section (1) shall carry simple interest at the rate of four per cent. per annum for the period
commencing on the appointed day and ending on the date on which payment of such amount is made by
the Central Government to the Commissioner.
(3) The amounts determined in accordance with the provisions of sub-sections (1) and (2) shall be
given by the Central Government to the two companies in addition to the amount specified in the First
Schedule.